Recently, the cryptocurrency world has been even more thrilling than a roller coaster! 📈 Ethereum unexpectedly staged a 'second place comeback' in July, leaving Bitcoin (BTC) behind, shocking countless investors who exclaimed, 'Is ETH about to rise to the top?'
Solana (SOL) has also quietly followed suit, with analysts shouting, 'Rotation has begun!'
Even more explosive, this meme coin surged 45% in two days, with a 24-hour increase of 32%!
Is the altcoin season really about to come? Don’t rush; today we will conduct a comprehensive in-depth analysis, breaking down every detail so it’s clear~ Even if you’re a newbie just entering the cryptocurrency world, you’ll easily understand the current market situation!
1. Ethereum's comeback: A stunning transformation from 'the second' to 'the potential stock'
1️⃣ The ETH/BTC ratio rebounds, and bulls are celebrating! For more than a year, the ETH/BTC exchange rate had been lying around the 'floor price' of 0.015-0.020 BTC🛌, like a forgotten corner of the market, with low trading volume and stagnant prices.
As a result, July suddenly surged nearly 26%, reaching 0.029 BTC! This is not a minor event; this price level is the 'golden pit' area before the great bull markets of 2019 and 2020~ This area has historically been an important accumulation zone, where a lot of smart money quietly built positions around this price.
Now ETH has returned to this zone and strongly broken through, indicating that funds are starting to refocus on Ethereum; institutional capital may be quietly positioning itself!
2️⃣ Rising faster than BTC, thanks to ETFs! In the past month, ETH rose by 34.75% to $3,456.61, significantly outperforming Bitcoin, which rose by 11.75% to $118,615.53. This gap is quite apparent!
Even more impressive, ETH's ETF fund inflows have surged 🚀—with just iShares alone buying $560 million of ETH. Although Bitcoin ETFs have also attracted $400 million, it is clear that ETH has stolen the spotlight! What does this indicate? It shows that institutional investors are starting to have a more favorable outlook on Ethereum's future development potential!
Ethereum's ecosystem is continuously improving, with DeFi, NFTs, and other applications flourishing, all of which have made institutional investors see Ethereum's long-term value.
3️⃣ Is Bitcoin's dominance collapsing? Is it the spring for altcoins? Bitcoin's market share (BTC.D) plummeted from 66% to 62.4%, breaking through a key support line📉, with the RSI indicator even showing 'extremely oversold' (18.02). This indicator acts like the 'thermometer' of market sentiment; with the reading so low, it indicates that market sentiment has become extremely pessimistic.
Historical experience tells us: Whenever Bitcoin's dominance loosens, altcoins will collectively celebrate! And ETH is the 'leader' of this wave~ This may signal that the market is entering a new phase, with funds beginning to flow from Bitcoin into other more promising cryptocurrencies!
2. Solana follows the rise: ETH lifts, SOL benefits?
1️⃣ Historical pattern: ETH rises → SOL follows! The cryptocurrency analysis platform Swissblock directly states: 'When ETH leads, SOL accelerates!'
Look at the data: At the beginning and end of 2024, ETH and SOL alternately took the lead ('shadow areas' 1 and 2), like two big players taking turns.
In July, ETH took the lead, and SOL quietly rose by 8%. If history really does repeat itself, SOL may break through $180! This is not just a statement, but data supports it. In the past few instances when ETH was strong, SOL indeed followed with a rise.
Solana's ecosystem is also rapidly developing, with faster transaction speeds and lower fees, making Solana more competitive in the market.
2️⃣ Has the SOL/ETH ratio plummeted? Is there an opportunity? However, there’s also bad news 😅: Since April, SOL has depreciated more than 44% relative to ETH and even broke below the upward channel. This indicates that the market currently favors ETH more, just like everyone is chasing popular stocks while overlooked stocks are neglected.
But don't panic! Galaxy Digital just invested $55 million in SOL, and the big players haven't run away~ This indicates that smart money still sees long-term value in SOL; the current decline may just be a temporary adjustment. The Solana development team is also continuously launching new features to enhance network performance, laying a foundation for SOL's future development.
3️⃣ Altcoin cycle: Fifth wave = final sprint? Swissblock warns: We may be entering the 'fifth wave' of the altcoin cycle— the peak stage of surges and crashes!
Referring to 2017 and 2021, this wave may come strong and go even faster. But regardless, SOL, as one of the 'Ethereum killers', will definitely not be absent~ It’s like a party; it may start with just a few people dancing, but at the climax, everyone will join in!
However, also be wary of risks; the fifth wave may also be a peak of the cycle, and after soaring, it may be accompanied by a sharp drop.
3. FLOKI surges 32%: The new king of meme coins?
1️⃣ FLOKI breaks through key resistance levels, surging fiercely! In the past two days, FLOKI has been eye-catching, attracting widespread attention from traders and investors with its strong performance.
According to CoinMarketCap data, FLOKI surged over 45% in the past 48 hours, with a 32% increase in the past 24 hours, making it one of the best-performing meme coins in the cryptocurrency market!
Notably, FLOKI finally broke through a long-term resistance level, which had triggered price declines three times since early 2025. This time, the upward momentum seems more sustainable, thanks to a decisive breakthrough, growing interest in the Valhalla blockchain game, and strong momentum for Ethereum and ETH-based memecoins.
2️⃣ Bullish on-chain indicators and current price momentum. With recent developments, traders' and investors' sentiment has turned bullish. They seem to have strong confidence in Bitcoin's upward momentum, and there are signs of significant capital inflows into this meme coin.
According to on-chain analytics firm CoinGlass, as of the time of writing, FLOKI's open interest (OI) has skyrocketed by 117%, reaching $85.56 million, marking the highest level in the past 12 months. The main liquidation levels below are $0.000121, and above it is $0.0001414.
At such price levels, the traders' leverage ratio is too high, holding long positions worth $1.55 million and short positions worth $781,000. These figures indicate that traders have a strong interest in the bullish market.
According to IntoTheBlock, whale transactions between $100,000 and $1 million surged by 2,633.33%. This sharp increase raises a key question: Is now the best time to buy, or has the opportunity passed?
3️⃣ FLOKI's price trend and key levels. Technical analysis from AMBCrypto indicates that FLOKI is in an upward trend and has recently broken through the strong resistance level of $0.000115. After the breakthrough, the meme coin seems to be consolidating sideways.
As of the time of writing, FLOKI remains at a strong level of $0.0001316, having risen over 32% in the past 24 hours. During this period, overall participation from investors and traders has significantly increased, with trading volume surging by 450% to $823.65 million.
If the bullish momentum continues, FLOKI may rise another 20%, potentially reaching $0.000162, or even $0.000205. However, as of the time of writing, the asset's RSI is 77, placing it in the overbought region. This indicates that before further increases, a short-term price correction may occur.
4 key questions that newbies care about the most
Q1: How long can ETH maintain its lead? This is a good question! It depends on whether it can break through the resistance level of 0.038 BTC! Right now, it’s just a rebound, but with continuous ETF fund inflows and Bitcoin's dominance declining, the long-term trend may have indeed changed~ If ETH can hold this resistance level, it might initiate a bigger upward movement.
However, if it unfortunately pulls back, it may only be a short-term rebound. So, we cannot make a definitive conclusion yet; we need to continue observing market trends. It is advisable to closely monitor the ETH/BTC exchange rate and the changes in Bitcoin's dominance.
Q2: Should I buy ETH or SOL now? There is no standard answer to this question, as everyone's risk tolerance is different. ETH is more stable, like blue-chip stocks, suitable for conservative investors; SOL is more volatile, like growth stocks, suitable for aggressive investors. Those seeking stability can diversify, for example, 60% in ETH and 40% in SOL, capturing ETH's stability while enjoying SOL's high volatility.
But remember to set stop losses ⚠️! The market is unpredictable, and stop-losses are an important means of protecting your principal. It is advisable to develop an investment strategy based on your risk tolerance.
Q3: Can FLOKI still be bought now? Although FLOKI has surged, the RSI has reached 77, placing it in the overbought region, indicating potential short-term pullback risks. If you are a short-term trader, you could wait for a pullback before entering; if you are a long-term investor, consider building your position gradually while managing your risk.
Q4: Is the altcoin season here? The signals are strong! But remember: bull markets often experience sharp drops, so don’t blindly chase highs. You can dollar-cost average into quality altcoins like ETH, SOL, or even BNB~ It’s like planting trees; the best time was ten years ago, the second-best time is now.
But be cautious about diversifying your investments; don’t put all your money on one coin. After all, the market carries risks, and investment requires caution. It is recommended to pay attention to the market capitalization changes and trading volumes of altcoins, choosing projects with real use cases.
5. Risk warning: Don’t let market sentiment cloud your judgment
Although the market currently looks optimistic, never forget the risks! The cryptocurrency market is highly volatile; today it may rise happily, but tomorrow it could fall sharply. So be sure to manage your risks:
Don’t go all in: Never invest all your funds in the cryptocurrency market; at least keep some cash or stablecoins. The market is highly volatile, and retaining cash allows you to seize buying opportunities during declines.
Set stop losses: Whether it's ETH, SOL, or FLOKI, set reasonable stop-loss levels to avoid amplifying losses. Stop-losses are an important way to protect your principal, so don't take chances.
Keep an eye on market dynamics: The cryptocurrency market changes so quickly; you should check the news and data analysis daily to adjust your strategy in a timely manner. It is advisable to subscribe to professional cryptocurrency analysis reports to get the latest market dynamics.
🎯 Summary: July's cryptocurrency scene has been spectacular! ETH's comeback, SOL's rise, FLOKI's explosive growth, and Bitcoin's dominance loosening… Whether you're a seasoned trader or a newcomer, the most important thing now is: hold your positions tightly and don't get shaken out! 🚀 But at the same time, stay clear-headed; the market carries risks, and investment requires caution.
✍️ DYOR, manage your risks well, and may everyone set sail in the cryptocurrency world! 🌊
🔁 Feel free to like and share this with your cryptocurrency buddies, and don't forget to follow me for more insights into the latest developments in the crypto world!
💬 If there are any projects you want to discuss, feel free to join us! Let’s explore the cryptocurrency world together and cheer each other on 😎
